Overview

• Microsoft is laying off approximately 7,000 employees, representing 3% of its global workforce of 228,000 as of June 2024.
• The layoffs will affect employees across all levels, teams, and geographies, including LinkedIn, and are not performance-based.
• The company aims to reduce management layers and enhance agility as part of broader organizational restructuring.
• These cuts are Microsoft’s largest since 2023, when it eliminated 10,000 roles during a wider tech industry downturn.
• The layoffs follow a strong financial quarter, with Microsoft reporting $70 billion in revenue and $25.8 billion in profit, as it invests heavily in AI infrastructure.